The United States agreed on May 17 to lift tariffs on steel and aluminum from Canada and Mexico, a move being praised by many in the agriculture industry as a step toward approval of the United States-Mexico-Canada Agreement (USMCA).

Authorities in Vietnam are ramping up measures to control the spread of African swine fever (ASF), which has already led to the loss of 5 percent of the country’s pig population, while the first case of the disease has been detected in Hong Kong.

Meat and poultry prices are already starting to move as a result of the African swine fever (ASF) outbreak in China, but once the country’s inventories in cold storage are depleted, prices should rise significantly, Tyson Foods CEO Noel White said.

Tyson Foods’ entry into the alternative protein sector should be successful and bring a quick return on investment, due to advantages it has over any competing startup company, Tyson Foods Chief Financial Officer Stewart Glendinning said.